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[untitled]

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00:30:00

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Alice 2, Us 2, Jonathan 1, An Idea 1, San Francisco 1, Kermit 1, John 1, Brown 1, Realtors 1,
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  SFGTV2    [untitled]  

    December 31, 2012
    7:30 - 8:00am PST  

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>> welcome to the department of building inspection brown bag lunch. this is a series we run on the -- every month. we talk about topics of general interest. we are going to talk about the subject that comes up when people get permits. and my going to be able to recoup the value of the work to do when a property? how does my improvement or
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repair affect my property about you? we have guests today. jonathan, thanks for coming. james, and alice. alice is a neighbor. thanks for coming. i have a big hand out of stuff about what other people think values might be when you do work on your home. san francisco is a different world, isn't it? >> we have so many micro districts and pockets of different the used within two or three blocks. answering the question for one house may not always be the same as answering that question for different house. >> give us an idea. if you get a view, it will be different -- >> shore. the value of a simple remodel
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verses a very fancy kitchen remodel in a house that might be worth more than a condominium. those things can matter. it can make a difference. >> we have a request from one of our viewers to make sure we talk about -- home-improvement results and building taxes. >> accessible. >> the other thing that might be brought out his people over- improved. there is a fine line. i recommend that my client or anyone talk to realtors before they start. it is a good idea to get an idea of that neighborhood, that house, and how it can be done. >> page 22 of the handout, spend an hour with the pro. talk about what the value means and how it will add value to
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your home, or if it will be over spending on something that maybe you can do without. >> exactly. >> it is very important to know why you are doing it. are you doing it to add value? will you live there for 20 years and you want a nicer kitchen? it cost $20,000, but only as $15,000 in value. it is different than if you want to sell it in three or four years. >> i had a lady who bought a couple of units and wanted my opinion years ago. she had an old victorian with an old brick foundation. she was absolutely convinced that the foundation had to be concrete and had to be concrete tomorrow. it was the first thing she did. she had different people, and look at the way she could do it. someone convinced her she should really be fit up and do it to the degree that she could add another unit or another living
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space down the line it see -- if she so chose. against my advice, she probably spent over $100,000 on pouring concrete down there. it sits there as an empty shell of a basement, which is sort of useless, really. i think you can get expert opinions from many different people, and the value question is a different question than an expert opinion on a particular subject. the value question is a question of the value of the property. is it over-improving? sometimes the contractor will tell you otherwise. the value is probably for a salesperson. >> that is something john wrote out. what value? value to you? value to the appraiser who comes in in one month? value is certainly individual. we do see houses, unfortunately,
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as james as saying, that may be beef up the foundation, but there are so many that just do -- that don't do anything behind the walls, which is an issue for us, that when we go when their -- people buy it, but we have to really make sure the homeowner is aware of both. >> something else that is a typical misnomer, i think, remodeling my house, doing a quick renovations before i sell it or try to market it might increase its value. not necessarily always, and not necessarily in all instances. one thing that -- you know, there are different levels of that. it is so important to get professional opinions about your true goals to see if your goals for doing a major improvement for a minor improvement on your property, if those goals line up
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with the market situation, and how best to reach those goals. maybe there are ways to reach those goals for you, in a personal way that may not involve the heavier remodel. >> let me mention a couple of things. people are coming in to replace a profound asians and to other work that they believe is necessary -- profound foundations and do other work that they believe is necessary. they do things they think should be done that are actually -- where the money could be better spent if their goal is to improve the structural quality of their house. they would have a better improvement curve if they put it in the ground floor or roger area. -- or garage area. >> i see people who have undertaken various remodels without benefit of proper permiting. one of the key questions that is always asked, i would like to
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have your opinions about, which is, what is the relative benefit to doing work to 1's home prior to sale, with kermit, verses without a permit? is it a good step to take to seek to legalize things that were done in the past that might of been done without a permit? essentially, what percentage of the value added do you get from your kitchen remodel it you haven't got a permit for? >> are you saying this is already built? they want to know whether they should do the permit or not? >> most often, i find it to be the former. the latter does come up. people do considerate. usually, it is whether you will go back and permit something that was done illegally. >> that is really tricky. it has a lot to do with the expectation of the amount of money they will get for the property. you have to